In terms of regulatory support and policy provisions, logistics sector is likely to get more government attention in the coming years. “ In our reckoning logistics is a sunrise sector and the government is aware that there is enormous challenge of improving our logistics infrastructure and performance,” said Dr. Manoj Singh, Transport Advisor, Niti Ayog at the inaugural session of a seminar organized by CII Institute of Logistics in Delhi late last week.
Emphasizing on the need of upgrading India’s performance in the global logistics performance index, Dr. Singh said that the after the adoption of the 15 year development plan which will come into the effect in the next fiscal, the broader target should be to break into the top ten league. “ In the past two years, we have improved our ranking by 19 slots in the global logistics performance index. Now, we should be aiming to reach into the top ten countries in the world on this index rubbing shoulders with the likes of Singapore and the US by 2032,” he added. Commenting on huge infrastructure projects which will streamline freight specific operations, he said that Dedicated Freight Corridor will be operationalized by 2019 which will give a major boost to train specific movement in the shortest possible time.